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If we go by what they do, then they are pouring
money into OEX put options at almost twice the volume as for calls according to
Bob Carver at Marketclues.com. Here are the OEX $C/$P ratios for the last
4 days. Two days at 0.5 is a buy alert, so we get a move away from that
level today. Bearish is a ratio of 2.0 with twice as much money going into
calls as puts. Right now the ratio is speaking through a bullhorn, or is
that megaphone, ;-)
Mon 0.57
Tues 0.57
Wed 0.55
Thurs 0.62
bobr
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
BobsKC
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 22, 2003 4:01
PM
Subject: Re[2]: [RT] spx daily
Bullish sentiment may be high but in fact, shorting is
robust and getting stronger. So do we go by what people say or what
they do?BobAt 02:52 AM 5/23/2003 +0400, you
wrote:>Hello Mark,>>%Bearish today is lowest since
1991:>><A
href="">http://www.schaeffersresearch.com/streetools/inv_intel.asp>>".
High readings suggest excessive optimism, which typically occurs>when
buying strength has been tapped out, and low readings
represent>depleted selling strength, and tend to precede market
rallies. We>normally view a bullish percentage higher than 55 combined
with a>bearish reading lower 30% as bearish for the
market.">>>Best regards,>
Alex
mailto:alex_bell@xxxxxxx>>>Thursday, May 22, 2003,
9:36:17 PM, you wrote:>>MS> You meant "higher high", right
?>MS> Don't underestimate the bulls....they are wildly optimistic
right>MS> now.....and holding this market up.>MS>
Bull-Bear survey ratio now at the highest point in
years....>MS> -----Original
Message----->MS> From: none
[mailto:profitok@xxxxxxxxxxxxx]>MS> Sent: Wednesday, May
21, 2003 10:40 PM>MS> To:
realtraders@xxxxxxxxxxxxxxx>MS> Subject: Re: [RT] spx
daily>>>MS>
Hello>>MS> I am with you that there
is a high probability that we make a >lower high>MS> tomorrow
or Fri. and then collapse>MS>
Ben>MS> ----- Original Message
----->MS> From: Rhonda
Guilbeaux>MS> To:
realtraders@xxxxxxxxxxxxxxx>MS> Sent:
Wednesday, May 21, 2003 7:37 PM>MS> Subject:
[RT] spx daily>>>MS> Last
quarter's candle waist 882.>MS> right at the
200 dma area.>>MS> Higher support..at
the 898 area.. (near the rising 50dma)>MS>
Wouldn't be surprised to see this price level tested.. and also
to>MS> hold, initially>MS>
anyway.>MS> if not, 867-882 looks to be a
good higher support area.>MS> Breaking above
last weeks highs and more important>MS>
953-955 then I am incorrect in my assessment that last
week's>MS> high is "semi" important and
perhaps>MS> a slightly stronger pullback
than what>MS> we've seen thus far coming off
the>MS> March higher
low.>>MS> Tend to think any high made
latter week>MS> will be a lower high than
last weeks>MS> high
as>MS> last weeks low was broken
below.>MS> I
do>MS>
Best,>MS>
Rhonda>>>>>>>>>>MS>
To unsubscribe from this group, send an email
to:>MS>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>>MS>
Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.>>>MS>
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unsubscribe from this group, send an email to:>MS>
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Your use of Yahoo! Groups is subject to the Yahoo! Terms of
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